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What happens to bank accounts when leaving the UK?

What happens to bank accounts when leaving the UK?

Old Sep 4th 2020, 3:47 pm
  #16  
dmu
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Default Re: What happens to bank accounts when leaving the UK?

Originally Posted by bev12bev View Post
I have a problem, living in Netherlands, have a Lloyds bank acct in UK, just received letter stating they are closing all accounts for people who live outside UK. Anyone know of a bank account i can get where my flat in UK, rental payments can be paid into, looked into off shore accounts but i don't have loads of money

Are there any online only ones for us expats to have, that accept money from UK and i can transfer over to my Dutch bank? Or any sites i can look at? or ask?
Thanks
As mentioned earlier in this thread, I live in France and my current a/c with Lloyds was converted long ago into an offshore account, which used to be on the Isle of Man and is now in Andover. I haven't received any such info (yet?)...
If you have a Dutch bank a/c, why not arrange for your rental payments to be paid into it directly?
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Old Sep 26th 2020, 9:24 am
  #17  
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Default Re: What happens to bank accounts when leaving the UK?

Nationwide have a bank account for non residents. To set it up you have visit a branch in person to verify your ID.
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Old Sep 26th 2020, 9:40 am
  #18  
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Default Re: What happens to bank accounts when leaving the UK?

There are a number of threads on this very subject started in light of current banking situations which is seeing many of the banks closing accounts of non UK residents because of changes caused by the transition period ending and no other arrangements made by the government.
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Old Sep 27th 2020, 3:23 pm
  #19  
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Default Re: What happens to bank accounts when leaving the UK?

Originally Posted by mikelincs View Post
There are a number of threads on this very subject started in light of current banking situations which is seeing many of the banks closing accounts of non UK residents because of changes caused by the transition period ending and no other arrangements made by the government.
i can't help feeling that a lot of the current situation, UK banks closing non UK resident accounts is driven more by profitability than other motives. The key "villians" seem to be Lloyds and Barclays both of which withdrew from European operations several years ago . I was a Barclays customer at the time they were swallowed up by La Caixa . It was a painless process . From what has been published in the press and various forums I have the impression the accounts that are being cut off tend be ones with a low level of utilisation , the Brexit arguement is a smokescreen.
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